CLEARS Project Update (November 2018)

CLEARS Connect
CLEARS
Published in
2 min readNov 15, 2018

2018 has been a roller coaster for the crypto world. A year where we started Clears, a very ambitious project, aiming to bring blockchain players to abide to common financial regulations.

KYC — Know Your Customer- and AML — Anti Money Laundering are not just acronyms. They are mandatory to operate any business legally in most parts of the world.

During the multiple market crashes, we stayed focused on our core mission. We got our MVP running in May, onboarded about 200 people on our platform, posted our blockchain transaction online and got amazing user feedback.

Since May, we took that feedback and improved Clears in many ways. From streamlined UX to provider dashboard, we went through an extensive review of our KYC process adding multiple checks and securing further our unique cold storage solution for collected data.

For weeks we hoped for a market rebound. But conditions aren’t there yet. Hopefully with more actors like Clears, blockchain will be safer and wiser in months to come.

After an open debate we decided to proceed our token sale in 2 stages. There is an existing pool of buyers anxious to receive their tokens on one side and a pool of potential buyers waiting to buy in on the other.

We will therefore issue tokens to all existing buyers no later than Dec 15th 2018. We are also working on having the token listed on exchanges as soon as early 2019.

Unissued tokens will be transferred to an ERC 20 wallet. The address will be made public until we decide what to do. But we are in favor of closing our token sale event through equity and not through a public sale. Unsold tokens will be burnt no later than April 15th 2019.

Between now and December 10th 2018, existing buyers will receive a link to complete their KYC and instructions for token issuance.

Clears will continue its mission to bring more regulation in blockchain to make 2019 a memorable year for our industry.

For questions or support please email us directly support@clea.rs.

Kind Regards,

The Clears Team.

About Clears

Clears aims to be the standard KYC in the rapidly growing ICOs, Fintech and Cryptocurrency marketplaces, expanding to serve all industries that require identity checks and KYC processing. We are confident that users will specifically request that Clears processes their KYCs due to its convenience and enhanced security.

Learn more at http://clea.rs/

Join us now!

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CLEARS Connect
CLEARS
Editor for

CLEARS leverages the power of the blockchain to ensure every KYC is time-stamped inside the Ethereum ledger where data integrity is guaranteed.